Dubai's skyline is set to welcome a remarkable addition as the ambitious Palm Jebel Ali megaproject officially relaunches, making a triumphant return to the forefront of the UAE's real estate landscape. This visionary development, unveiled by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, on May 31, 2023, promises to redefine luxury living and leisure in the region. Here's everything you need to know about the Palm Jebel Ali and why it's capturing the world's attention once again.
1. Twice the Size of Palm Jumeirah
Palm Jebel Ali is no ordinary project; it dwarfs its iconic predecessor, the Palm Jumeirah, by a factor of two. Spanning an expansive 13.4 square kilometers, this megaproject is set to reshape Dubai's coastline and redefine the city's skyline.
2. A Coastline Extravaganza
The Palm Jebel Ali will add approximately 110 kilometers of pristine coastline to Dubai's landscape. This ambitious endeavor aligns with Dubai's broader vision of expanding public beaches across the city, with a planned 400% increase in beachfront access by 2040. Palm Jebel Ali will be at the heart of this transformation.
3. Seven Connected Islands
Unlike the Palm Jumeirah, Palm Jebel Ali will feature a unique design with both ends of the crescent connected to the mainland. This thoughtful layout promises improved traffic flow and accessibility for residents and visitors.
4. An Array of Hospitality
Palm Jebel Ali is poised to become a hospitality hub, with plans for no less than 80 new hotels and resorts. With the renowned Atlantis, The Palm, as a benchmark, the possibilities for luxury accommodations and unique staycation experiences are boundless.
5. Exciting New Attractions
Sheikh Mohammed tweeted that the megaproject would offer "a wide choice of entertainment and leisure facilities." The original plans included six marinas, a water theme park, and a 'Sea Village,' where homes would stand over the water. The anticipation for what other attractions will be unveiled is palpable.
6. Overwhelming Demand
The resurgence of the Palm Jebel Ali has already ignited fervor among investors and property enthusiasts. A recent broker briefing event at Nakheel's office saw roads blocked with the attendance of hundreds, if not thousands, of brokers, a clear testament to the enormous demand for properties on Palm Jebel Ali.
7. Pricing and Launch Date
The prices for villas with 5 to 7 bedrooms and a built-up area ranging from 7,000 to 20,000 square feet will begin at an impressive 18.7 million AED ( USD 5 million ), while plots will be offered starting at 40 million AED ( USD 10,9 million ). The official launch and sales are slated to kick off on Wednesday, indicating an opportunity that is expected to be taken advantage of promptly.
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Downtown DubaDubai, June 2, 2023 - HH Sheikh Mohammed Bin Rashid Al Maktoum, the visionary leader of Dubai, has recently announced an awe-inspiring masterplan that is set to captivate the world. Nakheel, one of the region's premier real estate developers, is unveiling the ambitious and highly anticipated project: Palm Jebel Ali. Spanning twice the size of Palm Jumeirah, this exquisite development will feature 80 new hotels and an impressive 110 kilometers of pristine coastline, solidifying Dubai's position as a global leader in luxury living and hospitality.
Nakheel is creating a masterpiece that aligns with Sheikh Mohammed's vision of Dubai as the most beautiful city in the world.
